Capitalists and financiers -- Fiction; Gold -- Fiction; South America -- Fiction; Wall Street (New York, N.Y.) -- Fiction
The _Critic_ pronounces this the finest edition of Thackeray’s lectures
on the Georgian reigns ever published on either side of the Atlantic.
These essays of the famous English satirist are too often neglected by
the general public. With the confidence that they would be appreciated,
the publishers employed all the devices known to the printers’ art in
producing a rich and superb volume. Mr. Edwards’ illustrations and
decorations conform to the spirit of the age which the text describes,
and are a most important contribution to the total effect of the book.
This book compares very favorably with any of the beautiful volumes
of its class which recent months have seen.--_The Nassau Literary
Magazine._
The present publishers have given us a notably beautiful volume. We
do not see what they could have done to make it more
attractive.--_Nashville Advocate._
These papers were never put in a more becoming garb than
this.--_The Book Buyer._
It is very durably and handsomely bound, and a most charming book
to present to a friend, especially if he is a lover of the beauties
of Thackeray.--_Zion’s Herald._
⁂ _Sent postpaid on receipt of price by the publishers._⁂
FLOOD & VINCENT, MEADVILLE, PA.
FOOTNOTE:
[A] That section of the Exchange where stocks are loaned and borrowed.
Transactions of this kind are made necessary by “bear” or “short”
dealings. An operator, for instance, “sells short” 100 shares of
Union Pacific at 28. He does not possess the stock which he has sold;
therefore he must borrow it for delivery to the purchaser before the
close of business that day. The rate charged for such stock loans is
usually very small, but it sometimes happens that stock is “oversold”
or the supply is limited, and in that case the “bear” may have to pay a
round sum to obtain the shares he requires to complete his contracts.
The “bear’s” profit or loss depends on the future course of the market.
In the case mentioned, if Union Pacific rises to 30 and the “bear”
closes his speculation at that figure, that is, if he buys 100 shares
in the market to repay his loan, he loses $200. On the other hand, if
the price drops to 26 and he buys the necessary 100 shares at that
quotation, he makes a profit of $200.
End of the Project Gutenberg EBook of 6,000 Tons of Gold, by H. R. Chamberlain
Public-domain text, read in full here on John Shaqi.
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